I asked ogden city about a similar issue a few years ago on a duplex that was non-conforming, they told me it was quite common with the larger older homes, were converted to duplesx, triplex, etc. and years ago the city had no issues with it, except it was labeled non-comforming. but he did tell me , if it would burn down, you could only replace it with a sfr, since that's what its zoned for.

My tenants have a year to year lease, no exceptions.

I'd mostly agree with @James Wise except one point.

This one may be an exception, but the ones I have seen so far have been landlords trying to dump non-performers off on some sucker at an inflated priceThe area is great for SFRs.

I enjoy the rehabbing process (except the headaches!)

For me your D would be F = War zone,D would be section 8/low income,C would be blue collar/laborer - salary varies with localB would be as you said except again salary varies with geography.A would be as you said.There can be lots of overlap for D and F.

Doubt that happens.But, there are always exceptions, in rural areas they may be the only game in town for any buyer to use, if that's the case financing it to a new borrower, getting a better collateral position is better than it sitting on the books and taking automatic write downs while holding it for sale.Their written loan policy will dictate what they can do, to avoid issues of lending outside adopted loan policies means changing the policy for all loans, not just to a single transaction.

The Japanese market has been worthless for over twenty years now (except for the ski resorts), so do you expect to buy from a distance?

Who is to say, except I don't want to have to work 40+hours per week so I can have a 'new' car in the driveway (BTW, the car gets older as the years tick by).

The fixer-upper education part is also vitality important if you want to build value as you invest.